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Is Ethena Price At Risk? Market Maker Offloads $10M ENA Raising Concerns

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Summary
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65% Informative

Ethena price erased nearly 4% in the past 24 hours amid a market maker's massive dump to Binance .

Market maker Amber Group dumped $10.35 million worth of ENA tokens to the top crypto exchange.

ENA tokenomics faces additional heat amid massive token unlocks recorded this month .

Another massive unlock of 94.19 million coins worth 0.63% of the asset’s total supply is set to occur on April 2 .

VR Score

48

Informative language

38

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21

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formal

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English

Language complexity

42

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not hateful

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short-lived

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